SUI is on the verge of severe resistance at $0.95 and $0.96, and market volatility is still unstable. Eyeing $1, but the possibility of a pullback remains. Whale activity is still high which indicates that there may be some more gains to be made. But recent $19.52 million in long liquidations are a cause for concern regarding the volatility. The RSI, though, points to further gains and the overbought territory is just around the corner. The future of SUI in this significant period will depend on certain factors, and investors should keenly observe the following. However, the launch of 5thScape at a market cap of $15 million may create new options in the crypto sphere.

Its ongoing presale is a testament to the massive profits this project is primed to deliver. Announced in December 2023, 5thScape gained its major traction after hitting a $6 million presale raise in less than 30 days. The 5thScape project is soon to culminate in its 6th presale stage after successfully raising the target amount of $7.5 million. This AR/VR project has remained the highlight of the entire crypto market this year. Investors embraced the convergence of VR with blockchain technology and cryptocurrency sported by 5thScape with open arms. 

As VR technology prepares for massive global adoption, the 5thScape AR/VR platform has its eye on making a debut with a $15 million market cap. This number will multiply over the coming months when the project gains more traction and investor attention through its market listings. 

About 5thScape AR/VR Ecosystem

5thScape boasts dozens of new dimensional experiences, resolving the needs of content consumers ready for immersive explorations. The project is based on Ethereum’s secure blockchain network, with an added scalability of Skale Network’s Layer 2 solutions. It ensures security, safety, and transparency for the digital assets within the 5thScape platform. The team behind 5thScape carries years of experience in the blockchain industry. Their prowess in this field can be assessed by the unique design of the 5SCAPE ERC-20 cryptocurrency token, which is a highly valuable asset within this futuristic platform. 

Click here to know more about 5thScape >>>

The VR library of 5thScape boasts mesmerizing immersive content from an array of categories. It has chartbuster movies, sweat-inducing games, engaging learning experiences, fun animations, and so much more. A lot has yet to be added to the platform’s VR offerings, such as healthcare and enterprise solutions-related modules. Furthermore, 5thScape’s team is also working on the internet’s first developer center, which will allow VR content creators to sell their assets directly to consumers. This marketplace model will allow the VR content creators to earn real-world money through the 5SCAPE token. It will boost the circulation of the coveted 5SCAPE token and add more depth to its investment prospect. 

Additionally, the 5thScape team has yet to onboard AR features on the platform, which would help users bring their static surroundings alive through AR glasses. Implementing AR features on 5thScape will broaden its user base and also include new use cases within its library. Right now, 5thScape’s early investors are eyeing the market listing of 5SCAPE on CoinGecko and CMC platforms. Once this token picks up momentum in the mainstream market, there will be up to 10000x returns on the cards for its early adopters. 

5SCAPE Token: an Access Pass To VR’s Future

The 5SCAPE ERC-20 is a robust native utility cryptocurrency of the 5thScape platform. Its tokenomics are unique, with broad utility within the 5thScape ecosystem and a well-thought allocation of its total supply. The main utility of the 5SCAPE token is to unlock the VR experiences within 5thScape’s content library. 

The token carries lucrative staking rewards with up to 365% APY. It gives the 5SCAPE holders the right to have a say in new implementations within the 5thScape platform. The token holders can request a new feature, help its development team with bug fixes, and also cast votes during policy-making decisions. Within 5thScape’s gaming titles, the 5SCAPE token acts like a “digital currency” and allows gamers to purchase exclusive upgrades or in-game content that can give them a competitive edge against other players in the arena. 

The 5SCAPE token’s supply is capped at 5.21 billion, out of which 80% is allocated to the presale stage only, leaving a scarce amount for circulation after its market debut. This smart allocation pushing for limited tokens for circulation will boost 5SCAPE’s price. Since no new 5SCAPE tokens can be minted, there is going to be a high demand for them once all the VR experiences of 5thScape are live on the platform. 

The rapid growth of VR technology, coupled with the projected $2 trillion market valuation for AR and VR technologies by 2030, is a key driver of 5SCAPE’s substantial growth in the coming years. VR hardware makers are largely profiting out of VR technology’s growth in the traditional stock market setting. In the cryptocurrency market, we have 5thScape as the sole contender, leading the VR forefront successfully. Despite having veteran competitors like Decentraland, The Sandbox, Victoria VR, etc, 5SCAPE has created its own prime position in this niche. 

If you are ready to bet on VR technology’s future success as an entertainment medium, look no further than this project. 

Conclusion of Market Watch: Why SUI May Disappoint its Investors 

SUI is an old horse in the cryptocurrency market, although a lot of new investors are still unaware of this project. Last week, on August 10th, it faced a major price rally with an upsurge of 108% in just 6 days. Many blockchain developers consider SUI to be a direct competitor of Solana, citing the reason for its trailblazing speed and facilitation of smart contracts. However, SUI has failed to reach Solana’s success level. 

Although the token recorded its all-time high price of $2.18 this year itself, SUI’s comeback seems like a distant dream at the moment. The platform’s ability to capture Solana’s growing adoption of developers is the only thing that will help its gas token’s price appreciation. Bulls will likely retrace their investment in SUI unless they see any optimistic developments from the project’s end. 

On the other hand, crypto analysts are telling investors not to sleep on 5thScape’s $15 million market capitalisation launch. This project continues to steal the limelight from other contenders in the cryptocurrency market. Thanks to its early investors who have propelled the project to such great heights even before its mainstream availability. The 5thScape AR/VR platform is the internet’s first destination for immersive content needs. It is using this advantageous market-edge in its favour with the 5SCAPE token’s successful presale raise. 

The clear roadmap the 5thScape team has presented regarding its 4-phased project development and 12 presale funding stages has increased investors’ trust in 5thScape.

The post SUI Price Prediction: Will Bulls Triumph or Retrace? Don’t Miss 5thScape’s $15M Marketcap Launch! appeared first on Coinfomania.